SEC Form 3 · accession 0001567619-18-005902
ADESTO TECHNOLOGIES Corp · IOTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Seyed Attaran
Officer — VP, WorldWide Operations
Period of report
Nov 1, 2018
Accepted (ET)
Nov 13, 2018 · 7:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001395848
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 11,118 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $4.58 | holding | — | — | — | — | Oct 15, 2028 | Common Stock | 25,015 | — | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of the issuer's common stock upon settlement for no consideration. The RSUs will vest as to 25% of the total shares on 10/15/19, and further vests in equal quarterly installments thereafter, with 100% of the RSUs vested on 10/15/22, subject to the Reporting Person's provision of service to the issuer on each vesting date. Shares of the issuer's common stock will be delivered to the Reporting Person following vesting.
- F2The stock option vests and becomes exercisable as to 25% of the total shares on 10/15/19, and further vests in equal quarterly installments thereafter, with 100% of the total shares subject to the option vested on 10/15/22, subject to the Reporting Person's provision of service to the issuer on each vesting date.